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Mondee Holdings (MOND)
OTHER OTC:MOND
Holding MOND?
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Earnings Data
Report Date
Mar 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.14Last Year’s EPS
-$0.13Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 18, 2024
|% Change Since: -97.22%
|Next Earnings Date:Mar 04, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted Mondee's strong growth in adjusted EBITDA, take rate improvements, international expansion success, and AI integration. However, these positive outcomes were tempered by industry softening, working capital constraints, flat gross bookings, negative operating cash flow, and revised guidance due to market conditions. While there were notable achievements, the challenges faced by the company indicate a balanced outlook.Company Guidance
During Mondee's Q2 2024 earnings call, the company reported significant growth metrics, including a 38% year-over-year increase in adjusted EBITDA. The take rate improved by 20 basis points to 81.6%, while the non-air net revenue mix rose to 47%, up from 42% in the previous year. Mondee's transaction volume surged by 57%, although gross bookings remained flat due to lower average transaction values driven by expansion in lower-priced international markets. Financially, the company achieved $678 million in gross bookings and $58 million in net revenue, marking a 3% increase. Despite some market softness, Mondee is optimistic about its platform-driven international expansion, expecting net revenue between $240 million and $250 million and adjusted EBITDA of $25 million to $30 million for 2024. The company highlighted its strategic refinancing, extending the term loan to June 2028 and preferred equity to December 2028, as pivotal for future growth and financial flexibility.Strong Growth in Key Metrics
Mondee reported a 38% year-over-year increase in adjusted EBITDA. The take rate improved by 20 basis points to 81.6%, driven by a product mix expanding into non-air. The non-air net revenue mix increased to 47% from 42% in the same quarter last year.
International Expansion Success
Mondee achieved a 57% increase in transactions year-over-year through the international expansion of their platform. This growth was achieved despite working capital constraints.
Refinancing of Capital Structure
Mondee announced refinancing of their term loan and preferred equity at favorable terms, expected to provide additional working capital and extend the term loan to June 30, 2028.
Hotel Segment Improvement
There was a significant improvement in the North America hotel take rate, which increased over 50% this year.
AI Integration Enhancements
Deployment of AI tools in operations and revenue management led to a 5% reduction in sales and marketing expenses.
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MOND Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MOND Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 18, 2024 | $1.15 | $0.87 | -24.35% |
| Aug 14, 2024 | $2.14 | $1.94 | -9.35% |
| May 10, 2024 | $2.29 | $2.21 | -3.49% |
| Mar 14, 2024 | $2.51 | $2.29 | -8.76% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Mondee Holdings (MOND) report earnings?
Mondee Holdings (MOND) is schdueled to report earning on Mar 04, 2025, TBA Not Confirmed.
What is Mondee Holdings (MOND) earnings time?
Mondee Holdings (MOND) earnings time is at Mar 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MOND EPS forecast?
MOND EPS forecast for the fiscal quarter 2024 (Q4) is -$0.14.
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